Payroll Process Clause Samples

Payroll Process. Employees should complete a Special Activity Payroll Log to document attendance. Following principal approval, the Special Activity Payroll Report and Log should be sent to the Payroll Department. Payment for June work days will occur July 29, 2022. Payment for July and any August work days will be August 31, 2022. The SCHOOL DISTRICT OF POLK COUNTY, FLORIDA (D/B/A Polk County Public Schools) (PCPS/District) and the POLK EDUCATION ASSOCIATION, INC. (PEA) as evidenced by the respective signatures below, are parties hereto and agree to this Memorandum of Understanding (MOU) as more specifically set forth herein.

Payroll Process. A. Employees will be paid every other Friday during the period of the employee's contract. Pay to equal the amount calculated by the hourly rate times the number of hours worked during the previous ten (10) workdays ending on the Friday fourteen (14) days prior to payment. B. Beginning with the 2020-2021 school year, the Board shall have the option to implement a twenty-four (24) pay schedule each contract year. Such pays would occur on the fifth (5th) and twentieth (20th) of each month. Should a pay day fall on a holiday or weekend, the pay would occur on the last workday preceding the holiday or weekend. Unless an employee is paid via stretch pay, pay shall be calculated by applying the applicable hourly rate times the number of hours worked during the pay period. C. Employees being promoted to another pay schedule shall be placed on the new schedule at an hourly rate of pay of at least fifty (.50) cents greater than the previous schedule. At no time may this pay equal more than the highest step of the new schedule. D. Employees new to the system may receive credit for like jobs worked but never to exceed the fifth (5th) step of the appropriate schedule. E. An employee may be advanced to the next step of the appropriate salary schedule if the employee has credit for one hundred twenty (120) days during the contract period at the number of hours per day for which the employee is contracted. Credit includes days worked or an approved paid leave. F. On or before May 31st of each year, an employee may elect to stretch his/her pay over twelve (12) months of the ensuing contract year, or to be paid based on the actual number of hours worked each pay period. Such election shall span the entire contract year.

Payroll Process. Notwithstanding anything to the contrary herein, to the extent any payment to be made hereunder (whether payable on or after the Closing Date) constitutes a compensatory payment for applicable Tax purposes, such amount shall not be paid directly to the applicable recipient but shall instead be paid to the Company, to then be paid by the Company to such recipient through the payroll procedures of the Company (or any third party payroll agent of the Company or the Surviving Corporation) (with such payment by the Company to be reduced by any applicable deductions or withholdings for Taxes). For the avoidance of doubt, this Section 2.11 shall not apply to any payments of the Merger Consideration made hereunder to the Stockholders.

Payroll Process. The Company shall mail weekly payroll checks and pay stubs to employees in a timely manner. • The Company will pay any shortage in regular pay (including va- cation, holiday, sick pay, overtime in excess of 4 hours worked,

Payroll Process. ‌ A. Employees will be paid every other Friday during the period of the employee's contract. Pay to equal the amount calculated by the hourly rate times the number of hours worked during the previous ten (10) workdays ending on the Friday fourteen (14) days prior to payment. B. The Board shall have the option to implement a twenty-four (24) pay schedule each contract year. Such pays would occur on the fifth (5th) and twentieth (20th) of each month. Should a pay day fall on a holiday or weekend, the pay would occur on the last workday preceding the holiday or weekend. Unless an employee is paid via stretch pay, pay shall be calculated by applying the applicable hourly rate times the number of hours worked during the pay period. C. Employees being promoted to another pay schedule shall be placed on the new schedule at an hourly rate of pay of at least fifty (.50) cents greater than the previous schedule. At no time may this pay equal more than the highest step of the new schedule. D. Employees new to the system may receive credit for like jobs worked but never to exceed the eighth (8th) step of the appropriate schedule. E. An employee may be advanced to the next step of the appropriate salary schedule if the employee has credit for one hundred twenty (120) days during the contract period at the number of hours per day for which the employee is contracted. Credit includes days worked or an approved paid leave. F. On or before May 31st of each year, an employee may elect to stretch his/her pay over twelve (12) months of the ensuing contract year, or to be paid based on the actual number of hours worked each pay period. Such election shall span the entire contract year.

Payroll Process. The Union and the Public Authority recognize that the payroll process is administered by the State of California, and not by the County of Placer or the Public Authority. The Public Authority supports the Union’s efforts to encourage the State of California to implement a system of regular pay periods, to expedite the processing of corrections to inaccurate payroll checks and to replace lost payroll checks. The parties understand the importance of timely paychecks. In order to achieve that it shall be the responsibility of the Provider to complete their time sheets correctly, and to accurately record hours worked, and to submit them on the dates timesheets are due.

Payroll Process. Employer shall submit payroll contribution files reflecting the full employee and Employer contribution rate in effect for the fiscal year. It is the sole responsibility of Employer to ensure the Employer’s payroll/contribution reporting system is able to accommodate this requirement. a. Employer must maintain and transmit to the ASRS its contributions file representing the total actual contributions due to the ASRS, which includes both the actual contributions paid during each payroll cycle, and any offset amounts made according to the amortization schedule. b. The contribution file shall reflect the full employee and Employer contribution amount due, and shall not be adjusted for pre-paid contributions to be applied. c. Employer is responsible for determining the actual cash amount due to the ASRS each payroll cycle. This cash amount will be equal to the actuarially-determined contribution rate less any offsets determined by the amortization schedule. d. Intra-Year Adjustments: Each year, any differences between the sum of Employer’s offset amount as determined by the amortization schedule and the actual cash payments made by Employer, and the amount actually due by Employer, will be calculated by Employer by May 1 of each year and added or subtracted as appropriate from the remaining pre-paid contributions balance. In the case where the pre-paid contributions balance is insufficient, an additional amount will be required from Employer by May 31 of the current year.

Payroll Process. Except if modified by this agreement, all payroll processes in effect on January 1, 2001, shall remain in place. Full-time faculty may opt to be paid the same salary over twelve (12) months.